Our Annual Report and Accounts for 2025 Are Now Available
This report provides a comprehensive look at our performance over the past year, key milestones, and how we are positioning ourselves for the future. It reflects our continued commitment to delivering value for our customers, shareholders, and teams across all our markets.
Key Highlights
Some highlights from this year’s report include:
✅ £80 million investment in store development resulted in MLA growing by a further 8% or 0.7 million sq ft to 9.3 million sq ft, with the addition of 13 new stores and 1 extension
✅ £38.9 million investment in Italy through a new 50:50 joint venture with Nuveen established in December 2024 with stores performing in line with expectations
✅ Group revenue at constant exchange rates (CER) up 5.0%
✅ Announced dividend per share 30.7p
✅ Further enhancement of our technology-led operating model to optimise revenue performance
✅ We continue to make good progress towards our target of operational net zero with a 22% reduction in emissions intensity
Thank you to our teams, customers, and stakeholders for being part of our journey. We’re excited about the future and look forward to building on our success in the year ahead.
Where to read
To explore the full report, including financial statements and strategic insights, visit: 2025 Annual Report
The Notice of 2026 Annual General Meeting is also available for download from the Group's website here: 2026 Notice of Meeting (NOM)
